"Why Suze Orman Advises Against Annual Budget Overhauls"

Personal finance expert Suze Orman advises against strict budgeting as a New Year's resolution, comparing it to crash dieting that can lead to a spending "explosion." Instead, she suggests focusing on smaller, empowering financial decisions to feel more in control. Financial educator Melissa Browne and self-made millionaire Ramit Sethi also advocate for a more flexible approach to spending, such as a "conscious spending plan," which prioritizes essential expenses and savings while allowing for guilt-free discretionary spending. Orman herself avoids certain expenditures like buying coffee out, preferring to allocate funds to things like private travel.